Segment Disclosures (Tables)

3 Months Ended

Jun. 30, 2024

Segment data for sales, cost of sales and gross margin for the three and six months ended June 30, 2024 and 2023 are presented in the table below.



	Ammonia		Granular Urea(1)		UAN(1)		AN(1)		Other(1)		Consolidated
	(in millions)
Three months ended June 30, 2024
Net sales	$	409	$	457	$	475	$	98	$	133	$	1,572
Cost of sales	262		230		259		75		67		893
Gross margin	$	147	$	227	$	216	$	23	$	66	679
Total other operating costs and expenses											38
Equity in loss of operating affiliate											(3)
Operating earnings											$	638
Three months ended June 30, 2023
Net sales	$	525	$	460	$	548	$	104	$	138	$	1,775
Cost of sales	303		222		289		81		76		971
Gross margin	$	222	$	238	$	259	$	23	$	62	804
Total other operating costs and expenses											77
Equity in earnings of operating affiliate											7
Operating earnings											$	734

Six months ended June 30, 2024
Net sales	$	811	$	864	$	900	$	212	$	255	$	3,042
Cost of sales	599		483		541		180		151		1,954
Gross margin	$	212	$	381	$	359	$	32	$	104	1,088
Total other operating costs and expenses											146
Equity in loss of operating affiliate											(1)
Operating earnings											$	941
Six months ended June 30, 2023
Net sales	$	949	$	1,071	$	1,215	$	263	$	289	$	3,787
Cost of sales	583		549		635		185		168		2,120
Gross margin	$	366	$	522	$	580	$	78	$	121	1,667
Total other operating costs and expenses											131

Equity in earnings of operating affiliate											24
Operating earnings											$	1,560

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(1)The cost of the products that are upgraded into other products is transferred at cost into the upgraded product results.